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New Tax Guidance for Owners of Real Estate Part I “Small Taxpayer Safe Harbor”

By on October 21, 2013 in News with 0 Comments
New Tax Guidance for Owners of Real Estate Part I “Small Taxpayer Safe Harbor”

The IRS recently released final “Guidance Regarding Deduction and Capitalization of Expenditures Related to Tangible Property”. The 222 pages of regulations explain (at length) how to deduct improvements and repairs to both commercial and residential properties. The new regulations take effect the beginning of the next calender year and surprisingly have some benefits for owners […]

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